OFFSHORE RENEWABLES: An action agenda for deployment

The report developed by International Renewable Energy Agency (IRENA) provides insights on various emerging offshore renewable energy technologies and their underlying potential.

The report includes 50 concrete actions that G20 countries may consider while defining their national strategies for offshore renewables. Suggested actions include strengthening an oceans governance according to the UN Law of the Sea, the proper integration of offshore renewables in national Marine Spatial Planning, and the provision of public revenue support and early planning for the needed infrastructure (e.g. underwater cables and grid connections).

Offshore wind for example would increase from 34 GW in 2020 to reach 380 GW by 2030 and more than 2,000 GW by 2050. Ocean energy would represent an additional 350 GW of offshore renewable generation capacity by 2050. Offshore renewables also have the potential to contribute to SDG 14 on the conservation and sustainable use of oceans.